Vard has secured a NOK55m ($9m) contract to construct a survey vessel for Kazakhstan-based marine services company Circle Maritime Invest (CMI).

Vard Holdings has won its largest ever order for four Pipe Lay Support Vessels (PLSVs) worth a total of $1.1bn.

Italian shipbuilding group Fincantieri reported an operating result of EUR101m ($133.7m) on an EBIT basis for the first half of 2013.

Offshore shipbuilder Vard has reported a loss of NOK44m ($7.2m) in the second quarter 2013, down from a profit of NOK278m in the same period last year.

Singapore: Fincantieri-owned offshore vessel builder Vard has bagged a contract for an Azimuth stern drive offshore tug.